
The CEO and co-founder of the Ohio-based off-kilter pedal makers EarthQuaker Devices, Julie Robbins, has shared that the business is at risk of going bankrupt by the end of the year as a result of recently enacted tariffs, which have reportedly increased costs and slowed sales for the company.
Robbins faced federal lawmakers last week (on May 14) during a speech before the U.S. Senate Committee on Small Business & Entrepreneurship, stating [as reported by Akron Beacon Journal], “We have perfect credit and we’ve never missed a payment, but we’re rapidly running out of liquidity.”